Triplepoint Venture Growth BDC

TPVG · NYSE

$4.29−$0.09 (−2.05%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $4.38

TPVG analyst rating

HoldConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform1
Sell0

12-month price target · 5 analysts

Average $5.95 (+38.7% upside)

Low: $5.05
Now: $4.29
High: $7.35

Upgrades and downgrades

The latest rating actions, newest first

TPVG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 6, 2026	Maintains	Market Perform	$6.00 → $5.50	36%
Piper Sandler	Jul 13, 2026	Maintains	Neutral	$5.50 → $5.00	37%
Piper Sandler	Apr 7, 2026	Maintains	Neutral	$6.00 → $5.50	37%
Keefe, Bruyette & Woods	Mar 5, 2026	Maintains	Market Perform	$7.00 → $6.50	36%
Wells Fargo	Mar 5, 2026	Maintains	Underweight	$5.50 → $5.00	50%

The case for and against

Updated Apr 24, 2025

Bull case

TriplePoint Venture Growth BDC Corp reported a 3.0% increase in net asset value (NAV), driven by a write-up in its warrant portfolio, marking the first sequential growth since the first quarter of 2023. The investment portfolio expanded by 1% quarter-over-quarter to $721 million, supplemented by new debt investments of $33 million during the third quarter. Additionally, improvements in credit quality were evidenced by a notable reduction in non-accruals, and management expressed optimism for a more favorable capital markets environment, potentially enhancing exit activity through mergers and acquisitions and initial public offerings in the future.

Bear case

The financial analyst notes that TriplePoint Venture Growth BDC Corp has experienced a significant decline in stock price, dropping 37% since December 2022, and underperforming against the broader BDC sector, which has gained 14% during the same period. Despite a decrease in total leverage from 1.14x to 1.11x and a reduction in non-accruals from $68 million to $29 million, the company still faces challenges as investment income of $26.5 million exceeded forecasts by only $1 million, while expenses rose beyond estimates by $1.1 million. Overall, the combination of slower credit markets and higher-than-expected expenses undermines the company's financial stability and contributes to a negative outlook.

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